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December 22, 2010

E&Y Tower Moving Forward

Though we've known about the project and the financing structure for some time, the deal FINALLY closed yesterday for the construction of Cleveland's first CBD office tower in nearly 20 years. What will be known as Ernst & Young Tower, the first tenants include E&Y, Tucker Ellis, a large law firm based in Cleveland, and us, CBRE Cleveland. E&Y Tower is expected to open early 2013 and will include a hotel, conference center and several restaurants.

This is the beginning of what could be a boom for Cleveland. Waiting shortly behind the Tower is the construction of the new casino, which will be housed temporarily in the Higbee Building on Public Square, and the new convention center and medical mart. These developments, along with the strong activity in the Health Tech Corridor in Cleveland's Midtown, will hopefully push Cleveland in the right direction.

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Real this is nice Building for those who want to buy Office space in E&Y Tower. This is the beginning of what could be a boom for Cleveland. Waiting shortly behind the Tower is the construction of the new casino Like as.

What will be known as Ernst & Younger Structure, the first renters consist of E&Y, Tucker Ellis, a huge law company centered in Cleveland, and us, CBRE Cleveland. E&Y Structure is predicted to start beginning 2013 and will consist of a resort, meeting middle and several dining places. this is very nice information for us.................!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!Real Estate Gurgaonhttp://www.propertywala.com/gurgaon_haryana

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Scott Pollock & Steve Latkovic

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Scott Pollock & Steve Latkovic are Directors of Candlewood Partners Real Estate Group based in Cleveland Ohio. Candlewood’s Real Estate group provides capital solutions and investment advisory services for the commercial real estate industry. Scott & Steve are pleased to offer this Blog as a forum to update their clients on industry news and market trends that impact their real estate decisions and portfolios.
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